RE:sprott successratsnake220 wrote: Sprott is hugely diversified.....he makes huge on Kirkland....and so far on novo and garibaldi he is unerwater over 50%....So when a poster claims Sprott says their is 50 million ounces proven resource....He is lieig.....If the poster says Sprott says the potential if under certain circumstances their could be 50 million ounces of gold.....he is correct.....But so many Sprott quoets on this board leave out the disclaimers Eric makes.....But he knows the nobs on the board will pump things out of context.....Mr Sprott is hugely successful and knowledgeable and he has positions in about 20 companies i have heard of.....he is a legend....If you asked him directly would he suggest you put everyhtng on WM.....he would tell you the record shows he has not.....Witness Garibaldi and Novo...be smart.....Wm is my largest jr mining play.....its currently at 16% of my plan....i lke that risk reward
OK, day job done, getting caught up. Agree with lots you say ratsnake, Sprott words are usually self serving, but a lot of what he says about Wally has come to fruition, and of course he's gonna pupm more, guy has over 100 Million reasons here .
As I have said before, I just passed my 20% threshold, but gonna let it roll . Not selling until some further catalyst . Think some poster mentioned they are at 80% , can't agree with that one. I had a stock called Colossus Minerals back in the day, let it get over 25% holding, then the iceberg hit and down she went. I still keep it on my statement as a reminder of a healthy 5 figure loss , keeps me real, so advice, pare down that 80% for your own safety. You will still get rich if wally goes to $5 .
Looks like insiders doing some more selling this week, but guess they want to throw some lavish holiday parties , so can't blame them, and Demers today cahsed in some options at .065 cents, can you imagine, no wonder the boys and girls are cashing in, good for them I guess, but I think they are part of the wall on the sell side right now. Will find out as we head into the new year.
Enough for now, tired of typing, time for a nice singla malt scotch, slightly peaty tonight.
Good week and good weekend to all.
Coop